Redbox 2010 Annual Report Download - page 73

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NOTE 6: GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill
Changes in the carrying amount of goodwill were as follows (in thousands):
Year Ended
December 31,
2010 2009
Balance, beginning of period
Goodwill .......................................... $267,750 $290,391
Accumulated impairment losses ........................ 0 0
267,750 290,391
Goodwill acquired during period ....................... 0 1,046
Adjustments ........................................ 0 436
Impairment losses ................................... 0 (7,371)
Transfer to assets held for sale(1) ........................ 0 (16,752)
Balance, end of period
Goodwill .......................................... 267,750 267,750
Accumulated impairment losses ........................ 0 0
$267,750 $267,750
(1) Goodwill associated with our Money Transfer Business was retroactively reclassified within assets held for
sale. Goodwill previously reported in our financial statements totaled $284.5 million.
Adjustments to goodwill include translation adjustments resulting from a portion of our goodwill being recorded
on the books of our foreign subsidiaries.
Other Intangible Assets
The gross amount of our other intangible assets and the related accumulated amortization were as follows (in
thousands):
Amortization
Period
December 31,
2010 2009
Retailer relationships ................................ 5and6years $13,344 $14,764
Accumulated amortization ............................ (4,606) (3,004)
8,738 11,760
Other ............................................. 5and40years 1,890 4,100
Accumulated amortization ............................ (1,056) (874)
834 3,226
Intangible assets, net ................................ $ 9,572 $14,986
Amortization expense was as follows (in thousands):
Year Ended December 31,
2010 2009 2008
Retailer relationships ........................................ $3,022 $3,275 $3,190
Other ..................................................... 283 288 376
Total amortization of other intangible assets .................. $3,305 $3,563 $3,566
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